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Author Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland  (Read 506469 times)
dinobotta
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February 18, 2015, 10:30:35 PM
 #4921

Wow hashing up to 200 Gh/s for a few hrs, then back down again...

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone". Satoshi Nakamoto
Bimmerhead
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February 19, 2015, 12:39:25 AM
 #4922

I don't understand... why are there so many 12.5 AUR transactions in a single block?

https://chainz.cryptoid.info/aur/block.dws?99216.htm

Shouldn't there only be 1 per block?
molecular
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February 19, 2015, 06:23:05 AM
 #4923

I don't understand... why are there so many 12.5 AUR transactions in a single block?

https://chainz.cryptoid.info/aur/block.dws?99216.htm

Shouldn't there only be 1 per block?

there's only one coinbase transaction (the mining reward). The first one, 12.513 AUR.

The other ones (12.5 AUR) are normal transactions, someone must be making these.

Why? I don't know.



PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
rocanonz
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February 19, 2015, 07:52:42 AM
 #4924

I'm amazed! Yesterday the auroracoin blockchain was run for 1 hour by 470GH/s machines. And another 4 hours by 50GH/s. You need to spend at least 500USD for such a nice hash rate. Now we know for sure that the code behind Auroracoin it's rock solid.
avw1982
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February 19, 2015, 08:24:39 AM
 #4925

A re-launch never worked out. Don't got the back in this one anymore.
rocanonz
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February 19, 2015, 09:51:38 AM
 #4926

A re-launch never worked out. Don't got the back in this one anymore.

Like all the cryptocoins this is a wonderful experiment. So far gone wrong on the price side.
The code or the idea behind auroracoin is not to be blamed. But the greed of the people and the lack of information and too much enthusiasm on the developer side, about how a monetary system work and how people react to free money.
Give it 10 years span of life time. Maybe this coin is here to stay. Maybe not Smiley
newuser01
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February 19, 2015, 09:54:53 AM
 #4927

I'm amazed! Yesterday the auroracoin blockchain was run for 1 hour by 470GH/s machines. And another 4 hours by 50GH/s. You need to spend at least 500USD for such a nice hash rate. Now we know for sure that the code behind Auroracoin it's rock solid.

lol

this is gold
anticlimax
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February 19, 2015, 10:04:58 AM
 #4928

This was a pump and dump.
You guys are beating a dead horse.

twitter @antiiclimax
rocanonz
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February 19, 2015, 10:09:09 AM
 #4929

I'm amazed! Yesterday the auroracoin blockchain was run for 1 hour by 470GH/s machines. And another 4 hours by 50GH/s. You need to spend at least 500USD for such a nice hash rate. Now we know for sure that the code behind Auroracoin it's rock solid.

lol

this is gold
I don't know what it is, but it's better than nothing Smiley
At least someone had some fun yesterday, running their huge mining farm for hours with 0.20USD return.
Bimmerhead
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February 19, 2015, 03:11:33 PM
 #4930

This was a pump and dump.
You guys are beating a dead horse.

Even if it was a pnd, and I'm not saying it was, that doesn't mean it must die.

Because of auroracoin Iceland probably has a higher level of public awareness of cryptocurrency than any other nation.  Sure it isn't all positive, but a lot of work was done just by the huge amount of free publicity that happened.

There is something to build on there. Maybe.
dinobotta
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February 19, 2015, 04:16:35 PM
 #4931

What makes me so interested in the future of this coin are the small simple comments I hear regarding the ISK, while on coffee break at work.

I work in a workplace of 25 people, the average age here is 40-45 years, 70% female, aka the normal Icelandic housewife.

From time to time there is something in the local news about the ISK or the banks. Then at coffee break here at work, people talk about the devaluation of the ISK, inflation, the banking situation, when will the currency controls be lifted, will they ever be lifted, etc.

What usually follows these talks are questions like what can we do about the ISK? Is there nothing that can be done?

NB. these questions are being asked and debated by the housewives at work, not people that control anything in the banking system, just the normal housewife.

11% of the population her in Iceland (35.000 people) fetched the initial 31,8 AUR and about 30.000 of them are still holding. (7.000 have 1-10 AUR, 20.000 have 10-100 AUR, 3.000 have 100-1000 AUR. https://bitinfocharts.com/top-100-richest-auroracoin-addresses.html

No one here really knows much about the Auroracoin project. They know its a cryptocoin, something like Bitcoin. They know it lost value soon after the initial launch, but they don't know the price of AUR. I think the people here want to see what this is all about, but there is no infrastructure here to use it. And I think they just really want a new currency, that is not controlled by politicians or bankers.



"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone". Satoshi Nakamoto
molecular
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February 19, 2015, 05:35:50 PM
 #4932

This was a pump and dump.
You guys are beating a dead horse.

Looking at the tape I can hardly see any pump or dump.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
steveturk
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February 19, 2015, 05:38:00 PM
 #4933

This was a pump and dump.
You guys are beating a dead horse.

Looking at the tape I can hardly see any pump or dump.

it was more of a "pu-dump"

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Bimmerhead
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February 20, 2015, 01:53:03 PM
 #4934

Nice to see a small uptick in claims:

http://blockexplorer.auroracoin.eu/claims.3.html
Youghoor
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February 20, 2015, 02:11:44 PM
 #4935

This was a pump and dump.
You guys are beating a dead horse.

Looking at the tape I can hardly see any pump or dump.

it was more of a "pu-dump"

That pu-dump is always occurs at this time.
voytek
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February 22, 2015, 08:45:05 PM
 #4936

About AuroraCoin from Poland: http://lubiepowietrze.pl/auroracoin-kryptowaluta-islandii.html

and google translate: https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Flubiepowietrze.pl%2Fauroracoin-kryptowaluta-islandii.html
rocanonz
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February 25, 2015, 03:47:29 PM
 #4937

Hi guys!
Does anybody know something, anything about the Auroracoin Foundation?
How about the ISK-AUR exchange?

The earth is spinning with 1675 km/h but the auroracoin virtual block chain is stand and still for 10hours already.
What can we do? I burned my spared voodoo puppet, long time ago. No prayers, no magic left around?
Bimmerhead
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February 25, 2015, 07:37:49 PM
 #4938

The earth is spinning with 1675 km/h but the auroracoin virtual block chain is stand and still for 10hours already.
What can we do? I burned my spared voodoo puppet, long time ago. No prayers, no magic left around?

Here is the offending block: http://insight.auroracoin.io/block/24e5e48704d70dde5ebae52a31a5430f1fcad726d4680bb723fddb3c70215160

Can anyone explain what is going on when we have a situation like this?
molecular
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February 25, 2015, 08:50:02 PM
 #4939

The earth is spinning with 1675 km/h but the auroracoin virtual block chain is stand and still for 10hours already.
What can we do? I burned my spared voodoo puppet, long time ago. No prayers, no magic left around?

Here is the offending block: http://insight.auroracoin.io/block/24e5e48704d70dde5ebae52a31a5430f1fcad726d4680bb723fddb3c70215160

Can anyone explain what is going on when we have a situation like this?

I don't have a clue. Mining looks erratic. At least the timestamps on the blocks. There are these intermittent breaks and in between many blocks are mined per minute.

I'm guessing this might be an attack on the kimoto gravity well difficulty adjustment algorithm?

Another explanation might've been pool miners hopping away due to market price decrease. Couldn't find any coincidences of a decrease in market price with one of these "pauses", though.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
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February 25, 2015, 08:56:47 PM
 #4940

block 101266 found

EDIT: and difficulty skyrocketet to 545 (from ~90 at 101265, the "blocking block")

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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